Abstract
This paper outlines the history of the development of Vietnamese business and Vietnamese businessmen and entrepreneurs community in Poland. This special period of history of development was to be divided into two main phases. In addition, this article has analyzed the factors affecting international entrepreneurship spirit and international entrepreneurship capacity of this Vietnamese business community here in Poland. These factors are well identified in the overview part of international startups and international entrepreneurship study. The study showed that these factors include: foreign market appeal, government policies, compatibility of business practices, and adaptability to foreign markets. In the research part of this article, these factors were taken to be reanalyzed for the Vietnamese business community in Poland and showed why Vietnamese people choose Poland to be a good place for family settlement and for doing long-term business. Moreover, the success factors and success barriers behind their business development compared to the community of Chinese businessmen and entrepreneurs who came to Poland just only several years later have also been clearly identified. The research results show that, to strengthen the position and to raise the business awareness of Vietnamese business community in Poland, to strengthen it into a more developed and unified community for the purpose of future sustainable development, Vietnamese embassy in Poland with all of its networks of partnership, Vietnam's foreign trade promotion and trade representative agencies, and the diverse Vietnamese associations in Poland, both for profit and non-profit, need to play an interactive role to support Vietnamese businessmen and entrepreneurs to understand indigenous business practices, to overcome language and culture barriers in a bid to better integrate with the Polish business and social environment.
Highlights
Vietnamese community in Poland has been forming since the beginning of 1990s or even earlier
Despite the growing economy at 5% pace, Vietnamese firms still opt to make their businesses going international because they cannot depend entirely on domestic market in order to catch up the growing pace of foreign companies
Going international is one of the general trends in business of both developed and developing economies while the world economy is being strongly globalized. This trend may not befall without the assistance of government and its persistent and determined policy and strategy to support and motivate a majority of domestic companies to take part in globalizing and opening up the Vietnam economy
Summary
Vietnamese community in Poland has been forming since the beginning of 1990s or even earlier. In second decade of economic transformation, that is the period of 2000–2010, the Polish economy was stabilizing as it had accessed to the European Union, and since it was treated by many exporters as an attractive destination market This was the time when Vietnamese enterprises have been developing their business activities, expanding their goods and services offer, importing mainly from China, competing with growing Chinese business community in Poland. The risk of fluctuating foreign exchange rates was brought down as common European currency came into being in 2002 and the Polish Zloty is pegged to it since the first moment In this phase of economic development in Poland, for Vietnamese enterprises, many barriers that before badly impacted Polish market attractiveness had been taken off. It is troublesome for Vietnamese exporters to try to find traditional ways to sell their products
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